Indian asset manager’s debut revives hopes for local IPO market
SBI Funds Management, India's largest asset manager, listed on July 21, 2026 at Rs 613.30 on the NSE, a 6.85% premium to its Rs 574 issue price, well short of grey market expectations of around Rs 668. The Rs 9,812.91 crore offer for sale had been subscribed 41.73 times overall and 140 times by institutions.
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